The Central Bank of Nigeria has injected $210m into the interbank foreign exchange market in the sales concluded on Wednesday. Figures obtained from the bank indicated that it offered $100m to the wholesale segment, while the Small and Medium Enterprises segment received $55m.
The CBN added that the invisibles segment, comprising tuition fees, medical payments and basic travel allowance, among others, also received a $55m boost. The Director, Corporate Communications, CBN, Mr Isaac Okorafor, while confirming the figures, said the CBN was pleased with the state of the forex market.
I am clear about my objectives for Nigeria – President Buhari
Okorafor added that the bank would continue to intervene in order to sustain the liquidity in the market and guarantee the international value of the naira. The CBN added that the Invisibles segment, comprising tuition fees, medical payments and basic travel allowance, among others, also received a $55m boost.
The Director, Corporate Communications, CBN, Mr Isaac Okorafor, while confirming the figures, said the CBN was pleased with the state of the forex market. Okorafor added that the bank would continue to intervene in order to sustain the liquidity in the market and guarantee the international value of the naira.
Source: Punch Newspaper
